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Singer Finance (Lanka) PLC received a strong vote of confidence from investors with its recent Listed, Rated, Unsecured, Senior, Redeemable three year and five year, Rs. 1 billion debenture issue being oversubscribed.

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Sri Lanka recorded a 44.1% year-on-year (YOY) decline in tourist arrivals during the first four months of 2020, with no tourist arrivals in April.

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Sri Lanka Banks have been directed to stop the practice of declaring dividends and foreign banks from repatriating profits under new regulations issued by Central Bank to conserve liquidity amid a Coronavirus outbreak until December 2020.

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The Central Bank yesterday announced further extraordinary measures to boost new funding and liquidity to support the private sector and spur demand in the economy impacted by the COVID-19 pandemic.

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The Government has decided to waive off the annual registration fee of all tourist establishments and individuals listed under the Sri Lanka Tourism Development Authority (SLTDA) for one year as part of relief and support to revive the sector impacted by COVID-19 pandemic,.

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The Colombo stock market bounced back yesterday in a convincing fashion gaining by nearly 3% as bargain hunters stepped up buying.

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SriLankan Airlines from today will begin operation of passenger flights to limited destinations such as London, Tokyo, Melbourne and Hong Kong.

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The Colombo stock market’s struggle amidst the impact of COVID-19 persisted yesterday in a second day of drama, though the fall was dented by a late recovery in buying sentiments.

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In a telling effect of the impact of the novel coronavirus (COVID-19) pandemic, Sri Lanka passed April without a single incoming tourist, as per latest data released.

Tuesday, 12 May 2020 10:58

Covid hit companies run for funds

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Sri Lanka’s comnaies hit by Covid-19 are grappling for cash to recapitalise and restructure operations hit by COVID -19 pandemic at a time when the country’s economic activities resume shortly.

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